Pramerica Real Estate Investors completed around $14 bn (€12.7 bn) in global transactions on behalf of investors in 2015, including more than $2.5 bn across 13 countries in Europe, the company announced on Tuesday.

Pramerica Real Estate Investors completed around $14 bn (€12.7 bn) in global transactions on behalf of investors in 2015, including more than $2.5 bn across 13 countries in Europe, the company announced on Tuesday.

Pramerica, the global real estate investment management business of Prudential Financial, closed a total of 257 real estate equity and debt transactions in the US, Europe, Asia Pacific and Latin America over the year.

'Our global transactions in 2015 reflect Pramerica’s ability to successfully invest in real estate markets that have strong, improving supply and demand fundamentals in a highly supportive economic policy environment,' said Pramerica Real Estate Investors’ CEO, Eric Adler. 'That same environment also gave us the opportunity to sell stabilized properties that benefited from continued yield compression.'

Despite recent market volatility, conditions for real estate investment remain attractive for 2016, added Adler. 'We will seek opportunities to invest in income-driven core properties in major cities, buy into late recovery markets and capitalize on structural changes that are not reflected in current market pricing. In addition, we will continue to selectively sell stabilized assets in some of the more advanced cycle markets.'

Pramerica's European investments in 2015, totalling some €2.2 bn, earned it a 39th position in PropertyEU's latest ranking of Top 100 Investors based on deal volume.

In Europe, the UK and Germany accounted for the majority of activity. Approximately half of European acquisitions came from retail and office sectors, as Pramerica focused on value-add opportunities in capital-starved, late recovery markets in the Eurozone periphery and second-tier cities.

Pramerica continued to be an active investor in the UK’s commercial and residential ground lease market, closing 27 transactions across a mix of single and portfolio-based assets, including the purchase of more than 6,200 residential units. Approximately $465 mln were invested through lending strategies, primarily across the UK and the Netherlands.

The latest edition of PropertyEU's Top 100 Investors will be available at Mipim in Cannes next week.